10 acct questions 5

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Ivanhoe Zone Corporation experienced the following variances: materials price $360 U, materials quantity $1,770 F, labor price $830 F, labor quantity $520 F, and total overhead $1,250 U. Sales revenue was $95,800, and cost of goods sold (at standard) was $53,700.

Determine the actual gross pro�t.

Actual gross pro�t $

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221 HW7 Ch 26 Ch 27

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